Lakshmi Vilas Bank reports 38.43% fall in Q2 net profit

The Lakshmi Vilas Bank Ltd. - (Amalgamation) | Bank - Private | BFSI | BSE: 534690 | NSE: LAKSHVILAS

08 Nov 2012 Evaluate

Lakshmi Vilas Bank has reported results for second ended September 30, 2012.

The bank has reported 38.43% fall in its net profit at Rs 17.93 crore for the quarter as compared to Rs 29.12 crore for the same quarter in the previous year. However, total income of the bank has increased by 15.92% at Rs 477.01 crore for quarter under review as compared to Rs 411.49 crore for the quarter ended September 30, 2011.

Gross non-performing assets (NPAs) too rose to 4.50% in the quarter under review as against 2.24% in the same quarter previous year while net NPAs rose to 2.95% from 1.09%

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